The Small Business Association of Australia is leading the way in advocating to Governments on behalf of small business owners and entrepreneurs across Australia. The purpose is to work in the best interests of the small business sector which contributes over 40% of our country’s GDP and employs almost 5 million persons. The sector is rightly referred to as ‘The backbone of the economy’. On that basis you could conclude that small businesses are recognised as a key resource, well supported and given every chance of success. Unfortunately this is not the case. Intelligent advocacy is essential to enhancing the status of small business.
Due to years of tinkering by various Governments, businesses have become immersed in red tape, burdened with the costs of compliance and subjected to heavy-handed legislation.
SBAA advocates that by removing these obstacles and allowing owners to become more profitable, especially during the early development years and by limiting compliance issues, many more small business owners would become financially independent. In return they would contribute more usefully to the domestic economy.
SBAA uses advocacy to help relieve small business owners of the external burdens to their businesses by approaching Governments at all levels to recognise the substantial benefits of a healthy small business sector. For example, in the financial year 2017 the revenue loss of failed businesses was $430m with the GST tax loss of over $43m. The personal devastation caused is widespread, let alone the loss future economic contributions and the hundreds of jobs that disappear!
“Small businesses are the lifeblood of local communities. They strengthen communal bonds, provide opportunities for social mobility and are essential for competition which leads to innovation, pushes down prices, increases income and creates job”
In late 2018 SBAA advocated a ‘Charter for Small Business’ to Government that could enhance the way businesses are treated and consequently flourish.
It consisted of 10 Pillars (Policy Principles); the Charter was accepted and is currently under consideration.
Written by Colin Coverdale, Policy Chair of SBAA Advisory Board.